If you DO NOT settle your 3rd party claim and have to file a lawsuit then it can take your 3rd party case around 18-24 months to complete discovery and get a lawsuit set up.
How long does 3rd party claims take. A vehicle accident can be reported through the Santam app or via our Emergency Claims helpline on 0860 505 911 at any time day or night. In case of death it takes about three to four years to settle claims says Datta of ICICI Lombard. Things to Consider with Third-Party Claims.
A third party is defined as a person or group apart from two other parties who are primarily involved in a legal transaction such as an individual and hisher insurer. Pursuant to Rule 3-5 4 a third party claim can only be filed without leave of the court within 42 days after service of the notice of civil claim on the defendant. Some states give insurers up to 45 days to pay out a claim while others do not impose a time restraint.
Rule 2902 provides the time constraints for when third party claims must be issued. On an average in third-party claims involving bodily injury the turnaround time is one to two years. If it is taking longer than usual it is very likely that your insurer is requiring more time to settle your case.
Within ten days after the delivery of a statement of defence within ten days after the plaintiff delivers a reply in the main action or at any time after this. An example of this is the Compulsory Third Party Division CTD of Western Australia which insures drivers and the government against injuries arising from accidents on the road. Before making a third-party claim there are a number of things you should do.
Capturing third party information at the time of reporting the incident itself is important and helps with a hassle-free claims process. The longer you wait the more difficult the process becomes. Third party claims are filed for injury and death but settlement of these also takes a long time.
Whether losses are medical or monetary related you have a right to claim third-party compensation. Generally speaking a 3rd party claim should be settled within 6 months. Try this site where you can compare quotes.